8 Worst Tech CEOs Ever
#3 Carly Fiorina
Company: HP (1999 - 2005)
Ape-poch moment: Forced soon-to-be fired employees to train their outsourced replacements.
She made in to this ‘no less prestigious list’ with 30,000 firings and a 50-percent HP stock decline. In 2001, she suggested employees take voluntary pay cuts, and while 86 percent agreed she still outsourced thousands of jobs overseas and implemented huge layoffs.
A 2008 article in Entrepreneur Magazine touched on the employee morale during Fiorina’s reign: "A survey of 8,000 employees revealed widespread unhappiness about poor communication and poorly implemented decisions...Some workers booed the CEO at company meetings.” There was a viral ad claiming Fiorina fired thousands and tripled her salary, bought a million dollar yacht and five corporate jets CEO. HP cut her loose and offered a $42 million severance package to never come back (may be HP was ready to go penniless just to keep her off company’s territory). The news was like breath of fresh air, employees.
